which of the following is an objective of economic integration?
Answer Details
The objective of economic integration is the free movement of persons, goods, and services. This means removing trade barriers such as tariffs and quotas to facilitate the movement of goods and services across national borders without restrictions. This allows countries to specialize in producing goods and services that they are good at and import goods and services that they need from other countries, leading to a more efficient allocation of resources and increased economic growth. Additionally, the free movement of persons creates more opportunities for employment, education, and investment, leading to increased economic activity and development. Harmonization of cultural practices is not an objective of economic integration, and the payment of high tariffs and dumping of goods in less developed countries are barriers to economic integration.